Cantor Fitzgerald has revised its price target for AMD (AMD, Financial), lowering it from $135 to $120 while maintaining an Overweight rating on the stock. Despite semiconductor stocks outperforming the broader market, the firm anticipates ongoing volatility. This expectation is due to potential changes in section 232 restrictions and AI Diffusion rules, alongside increasing tension between the U.S. and China. While the firm views semiconductor stocks as essential holdings for the long term, it acknowledges the sector's susceptibility to volatility, favoring semiconductor equipment over analog stocks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Advanced Micro Devices Inc (AMD, Financial) is $134.47 with a high estimate of $200.00 and a low estimate of $70.00. The average target implies an upside of 36.10% from the current price of $98.80. More detailed estimate data can be found on the Advanced Micro Devices Inc (AMD) Forecast page.
Based on the consensus recommendation from 51 brokerage firms, Advanced Micro Devices Inc's (AMD, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc (AMD, Financial) in one year is $163.53, suggesting a upside of 65.52% from the current price of $98.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Micro Devices Inc (AMD) Summary page.
